Gold Rate Update: The Multi Commodity Exchange (MCX) has seen a decline in the price of gold and silver. Gold futures with a maturity date of August 4, 2023, were trading at Rs 58,020 per 10 grammes, down just Rs 44 or 0.08 percent. The previous close was 58,014 rupees. In a similar vein, silver futures with a delivery date of July 5, 2023, fell by Rs 458 (0.66 percent) and were trading at Rs 69,644 per kg on the MCX, down from Rs 69,596 at the previous close.
GOLD AND SILVER PRICES IN MAJOR CITIES
| CITY | GOLD (per 10 grams, 22 carats) | SILVER (per kg) |
| NEW DELHI | Rs 54,000 | Rs 71,900 |
| MUMBAI | Rs 53,850 | Rs 71,900 |
| KOLKATA | Rs 53,850 | Rs 71,900 |
| CHENNAI | Rs 54,370 | Rs 75,300 |
Gold Rate Update: What’s up on MCX?
After registering a slight decline of Rs 44 or 0.08 percent, gold futures with a maturity date of August 4, 2023, were trading at Rs 58,020 per 10 grammes. The previous closing was 58,014, according to the records. Similarly, silver futures with a delivery date of July 5, 2023, decreased by Rs 458 (0.66 percent) and were trading at Rs 69,644 per kg on the MCX as of this writing compared to the previous closing of Rs 69,596.
Multi Commodity Exchange of India is the full form of MCX. It is an autonomous body for commodity exchange in India. It offers to trade in bullion, energy and agricultural commodities apart from non-ferrous metals.
This is an exchange for commodities like the BSE is for stocks and shares. The MCX sells the products in bulk.
The price for the asset depends upon various factors and is not determined at MCX. The MCX Silver rates are set by trading activity and a bunch of different other factors.
Gold Rate Update : As per IBJA, these are the prices of gold and silver
The price of gold has decreased today compared to yesterday, according to IBJA. The price of gold has decreased from Rs 59973 per 10 kilos to Rs 60012 per 10 grammes today. The cost of silver, on the other hand, silver is decreased from Rs 70969 per kg. to Rs 70782 per kg.
Here’s how to know the latest price of gold by giving a missed call
You can give a missed call on 8955664433 to know the retail rates of gold. Shortly after giving a miss call on this number, you will get the rates through SMS. Along with this, you can see www.ibja.com or ibjarates.com for constant updates or information.
This is how you can determine the purity of gold
If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint about it.
Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)
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